"We entered late but we have made a difference here. Last financial year we closed with Rs 150 crore revenue. In FY'12, ending September, we expect to reach Rs 250 crore mark," Belkin India Managing Director Mohit Anand told reporters here.

Belkin started business in India in 2009 and sells its products across 243 cities in the country.

The company added that India is one of its fastest growing markets.

"In India, we have seen 60 per cent growth on year-on-year basis. It is second largest market for us after Australia in Asia Pacific region," Belkin CEO Chet Pipkin.

The company is focussed on developing electronic products that affects and can sync with lifestyle of a person, he added.

He added that in the first quarter of FY 2013, around time of Diwali, Belkin will launch its new suite of product which can be controlled through mobile phones.

"Consumers can simply plug the WeMo Home Control Switch into any electrical outlet and then plug in any device. Through the free smartphone application, the item then can be turned on or off remotely or scheduled to turn on and off at set times," Pipkin said

The company is customising its product as per requirement of the Indian market and is in the process of getting regulatory approvals for launching these products as there wireless function will consume airwaves.

Pipkin said the company is evaluating option to set-up a product development centre and manufacturing plant in India but no time line has been fixed yet.